Question

Inflation is unjust and inequitable discuss

Answer 1

Answer:

Inflation means rise in the purchase value of goods or commodities. Inflation is unjust and inequitable because due to the rise in the price of things, people of lower income group gets affected.

With the rise in price of goods and necessary things, the value of profit margin increases but that affects poor people as they have fixed income.

Hence , in a society things should be just and fair, like price value of necessary items should not increase beyond certain level so that it gets unaffordable by certain groups of people.

Answer 2

The overview of the given statement is described in the explanation segment below.

Explanation:

• Inflation implies an increase throughout the purchasing amount of goods or services. It is unjust as well as grossly unfair since, due to something like an increase in the cost of products, lower-income individuals are influenced.
• In what seems like a society, therefore, situations would have been just as well as fair, as the selling price of the needed requirements really shouldn't significantly boost that after a certain stage, because certain groups of individuals can not manage it.

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